What is Kimball Musk’s Net Worth?

by Julie Morse on June 6, 2017 · 1 comment

kimball musk's net worth, Tesla brothers, celebrity net worthKimball Musk doesn’t stand in the shadow of his Tesla founder brother. The entrepreneurial siblings operate in contrasting industries but have collaborated on major ventures such as PayPal and Zip2. Although it’s hard to top Elon’s success with SpaceX and Tesla, both brothers are billionaires in their own right and have each taken unique paths to enriching their fortunes. It’s hard to not compare Kimball to Elon, but the younger Musk has maintained more traditional and safer practices in maintaining his wealth. So what is Kimball Musk’s net worth?

Although Kimball has established himself as a juggernaut in the food world, he wasn’t always a culinary mogul. Kimball first got bit by the capitalist bug when he was 18, and started College Pro Painters, a residential painting business that made $50,000 during its two-year lifespan. From there, he and Elon launched Zip2, a sort of precursor to Google Maps that also provided local advertising content to newspapers like The New York Times and The Boston Globe. In 1999, when Kimball was 26, Zip2 was sold to Compaq for $307 million after beating a bid from The New York Times. According to Forbes, he only received a small slice of the sale, but it was enough for him to “never have to work again.” Yet, Kimball’s fortune only continued to grow when he and his brother invested in X.com, an online banking site that would soon become PayPal. In 2002, eBay acquired PayPal for $1.4 billion. Although it’s not clear how much Kimball took home from the deal, it was probably enough for another life-long vacation.

From there, Kimball sashayed into the restaurant industry by enrolling in the French Culinary Institute. In 2004, he launched The Kitchen, a network of restaurants located throughout Colorado, Chicago, and Memphis that serve up farm-to-table recipes. The first restaurant cost $600,000 to open, which imaginably, was only a fraction of Kimball’s fortune, and Elon chipped in with some cash. Regardless of the initial investment, The Kitchen proved to be extremely lucrative, and although the exact figures are not available, according to Kimball, it has been his most successful venture.

Despite being mostly known for The Kitchen and other culinary endeavors like Learning Gardens, a non-profit agriculture education initiative, Kimball has had several stints in the tech world. In 2006, he was appointed CEO of OneRiot, an online advertisement agency. Yet, in 2010, after a freak inner tube accident that paralyzed him for two months, Kimball decided he was done with tech and decided to devote his career entirely to food. Soon after Kimball quit, Walmart Labs purchased OneRiot. Regardless of his resignation from the tech world, he still sits on the boards of Tesla Motors and SpaceX.

So how much is Kimball Musk worth? There’s no precise data, but in 2015, he allegedly bought 3,666 Tesla shares for only $9.96 a pop, netting him around $800,000. Considering the profits from PayPal, Zip2, and The Kitchen, Kimball’s worth hovers around the $2.5 billion mark.

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{ 1 comment… read it below or add one }

1 Mel @ brokeGIRLrich June 11, 2017 at 9:43 am

I didn’t even know Elon had a brother. How crazy that he’s like the brains behind the farm-to-table movement.

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